Fairmount Condominium
Fairmount Condominium is a 99-year leasehold condominium located in District 16 (Bedok, Upper East Coast, Eastwood, Kew Drive), part of the Outside Central Region (OCR). Completed in 2000, the development comprises 64 units, on a lease that commenced in 1996. Sale and rental figures on this page are compiled from URA transaction records.
Overview & Key Facts
FAIRMOUNT CONDOMINIUM is a 99 yrs lease commencing from 1996 condominium at EASTWOOD ROAD in District 16 (OCR), developed by FAIRMOUNT DEVELOPMENT PTE LTD (HONG LEONG HOLDINGS), comprising 64 units, completed in 2000.
Location & Connectivity
FAIRMOUNT CONDOMINIUM is approximately 480m from Sungei Bedok MRT station, with 3 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Sungei Bedok | Thomson-East Coast Line | 480m |
| Bedok South | Thomson-East Coast Line | 1.1 km |
| Tanah Merah | East-West Line | 1.3 km |
Schools & Education
10 schools within 2 km (1 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Bedok View Secondary School | Secondary | 780m |
| Fengshan Primary School | Primary | 1.1 km |
| Bedok Green Primary School | Primary | 1.1 km |
| Ping Yi Secondary School | Secondary | 1.1 km |
| Yu Neng Primary School | Primary | 1.1 km |
| Bedok South Secondary School | Secondary | 1.2 km |
| Overseas Family School | International | 1.3 km |
| Park View Primary School | Primary | 1.6 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 2 BR | 2 | $1,106 psf | $1,000,000 |
| 3 BR | 4 | $1,149 psf | $1,410,000 |
| 4 BR | 1 | $776 psf | $1,470,000 |
| 5+ BR | 6 | $881 psf | $1,729,796 |
Market Position
FAIRMOUNT CONDOMINIUM has recorded 13 sales at an average price of $1,499,137.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at FAIRMOUNT CONDOMINIUM typically rent harder per dollar of purchase price. The final column shows monthly rent per $100,000 invested, so unit sizes compare on equal capital:
| Type | Avg Rent | Avg Price | Gross Yield | Rent per $100k |
|---|---|---|---|---|
| 2 BR | $3,218/mo | $1,000,000 | 3.86% | $322/mo |
| 3 BR | $4,238/mo | $1,410,000 | 3.61% | $301/mo |
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Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2021 | 2 | $897 psf | — |
| 2022 | 4 | $843 psf | ↓ 5.9% |
| 2023 | 2 | $1,059 psf | ↑ 25.6% |
| 2024 | 1 | $1,190 psf | ↑ 12.3% |
| 2025 | 2 | $1,064 psf | ↓ 10.6% |
| 2026 | 2 | $1,133 psf | ↑ 6.5% |
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FAIRMOUNT CONDOMINIUM prices have cooled 4.7% from the 2024 peak, yet remain 26.4% above where the series began in 2021. The most recent period recovered 6.5%, so the pullback may be finding a floor.
Price Index Check
The ShiokNest Price Index for District 16 reads 140.4 as of June 2026 — up 8.4% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
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Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| PINERY RESIDENCES | 99 years leasehold | $2,551 psf | 551 |
| VELA BAY | 99 years leasehold | $2,869 psf | 372 |
| SCENECA RESIDENCE | 99 yrs lease commencing from 2021 | $2,085 psf | 270 |
| THE BAYSHORE | 99-year leasehold | $1,237 psf | 252 |
| THE GLADES | 99 yrs lease commencing from 2013 | $1,614 psf | 231 |
Lease Analysis
With 69 years remaining on its 99-year lease, FAIRMOUNT CONDOMINIUM still qualifies for full bank financing and CPF usage.
What Could Work Against You
- About 69 years remain on the lease. Decay is not yet a financing problem, but buyers holding beyond 10-15 years should model the value drag as the 60-year threshold approaches.
- Only 2 transactions were recorded in the past 12 months, so the price figures here rest on a thin sample — a single outlier deal can move the averages.
- At 64 units, this is a boutique development — fewer comparable sales to anchor valuations, and maintenance costs spread across a smaller fee base.
Best suited for
Who This Actually Suits
The profile fits mrt-walkable commuters, international school families, long-term hold (10+ yr) and first-time hdb upgraders best. Located ~476m from Sungei Bedok MRT, this property is a comfortable daily walk for transit commuters.
For short-term flippers (<5 yr), it can work — but weigh the trade-offs before committing.
One caution flagged here: avoid if mrt-dependent — MRT access is meaningfully constrained — transit-dependent buyers should consider better-connected alternatives.
Verdict
FAIRMOUNT CONDOMINIUM is a 99 yrs lease commencing from 1996 development in District 16 (OCR), with 64 units, offering a gross yield of 3.0%.
At ~$1,099 psf, it represents a competitive entry point in the OCR segment.
Explore the full FAIRMOUNT CONDOMINIUM dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing FAIRMOUNT CONDOMINIUM against staying public? These HDB towns sit within walking or short-drive distance:
- Bedok — 4-room average $659,895 (970m away), an upgrader gap of about $850,000
FAQ
What is the average PSF for FAIRMOUNT CONDOMINIUM?
Is FAIRMOUNT CONDOMINIUM freehold?
What is the rental yield for FAIRMOUNT CONDOMINIUM?
Which MRT is nearest to FAIRMOUNT CONDOMINIUM?
Sources & Next Steps
- FAIRMOUNT CONDOMINIUM Dashboard — Live charts and analytics
- URA — Official transaction data
- District 16 (Bedok, Upper East Coast, Eastwood, Kew Drive) — District 16 neighbourhood guide
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 13 transactions
- Rental data: 38 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Jul 2026 · 13 records analysed · Source: URA private-sale caveats